Cyber Insurance Market Size is USD 20.94 Billion in 2025

The global cyber insurance market was valued at USD 16.63 billion in 2024 and is projected to reach USD 166.41 billion by 2034, growing at a CAGR of 25.9%. Rapid digitalization and rising cyber threats are driving the surge in demand for comprehensive cyber risk coverage.

Cyber Insurance Market Statical Scope

The global cyber insurance market has emerged as a critical component of the broader cybersecurity ecosystem, providing organizations with financial protection and risk management solutions against cyber threats such as data breaches, ransomware, phishing attacks, and business interruptions. As digital transformation accelerates and companies increasingly rely on cloud services, IoT, and remote work environments, the exposure to cyber risks has intensified, driving strong demand for cyber insurance policies.

Cyber Insurance Market Companies

• AIG
• Chubb
• XL Group
• Beazley
• Allianz
• Zurich Insurance
• Munich Re Group
• Berkshire Hathaway
• AON
• AXIS Insurance
• Lockton
• CNA
• Travelers
• BCS Insurance
• Liberty Mutual

Cyber Insurance Market Segmentation

By Type

• Stand-alone Cyber Insurance
• Packaged Cyber Insurance

By Application

• Financial Institutions
• Retail and Wholesale
• Healthcare
• Business Services
• Manufacturing
• Technology
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa